This Land Property is no longer advertised on LoopNet.com.

210 S Plymouth St
Fayetteville, NC 28312
Off Market Multifamily Portfolio · Land For Sale · 23,522.00 AC

Investment Highlights

  • 100% occupany
  • 9.25% cap rate
  • Well maintained and updated buildings!

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 23,522.00 AC

Description

This Property is being Sold through New Western brokerage, NDA must be signed for an financial statements. Showing will be Held this Monday the 17th, 2023. Must have POF to attend the showing, make sure to get in contact with me as we have limited availability. Highest and Best offers will be due Tuesday at 11 am. Contact Lourdes at 919-806-9816 I am excited to present to you an incredible investment opportunity in the real estate market. This package deal includes a total of 30 units, comprising of 5 multi-family units and 1 house. The best part is that all the units are occupied and rented, generating a total gross rental income of $315,000 per year. With a net operating income of $268,794, this property offers a very attractive cap rate of 9.25%. As a real estate agent, I understand the importance of making sound investment decisions, and this package deal is undoubtedly a smart choice. With the potential to increase the cap rate to 10% by raising the rents, you can achieve even better returns on your investment. And with only two units currently vacant, you can easily fill those spots to maximize your rental income. Not only does this property offer a high return on investment, but it is also located in a prime location, making it an ideal choice for anyone looking for a steady stream of passive income. The properties are well-maintained, and the tenants are reliable, ensuring a hassle-free investment experience. So if you're looking for a profitable investment opportunity in the real estate market, this package deal is definitely worth considering. Don't miss out on the chance to invest in a high-income property with enormous potential for future growth.

  • Listing ID: 28222122

  • Date on Market: 4/13/2023

  • Last Updated:

  • Address: 210 S Plymouth St, Fayetteville, NC 28312

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